Manager Selection
Dutch Pension PZFW Terminates BlackRock, AQR, L&G Mandates Amidst Portfolio Reshuffle
The trio were dropped as equity managers as the fund looks to active investing.
Tag: BlackRock
Asset Allocation
Geopolitical Risks Force Family Offices Into Liquid Alternatives, Cash
A BlackRock survey found that family offices are diversifying away from U.S. equities.
Alternatives
BlackRock, Fidelity, Grayscale Dominate Crypto ETF Assets Amidst Institutional Interest
The firms’ offerings made up 85% of all crypto AUM, while separate research found 75% of investors expect cryptocurrency to soon become part of institutional allocations.
Corporate Moves
BlackRock Aims for $400B in Private Market Fundraising by 2030
The manager wants to expand its alternative investment offerings to wealth managers and aims to be the world’s largest cryptocurrency asset manager.
Corporate Moves
Kuwait Investment Authority Joins AI Infra Partnership With BlackRock, Microsoft
The firms, along with MGX, plan to mobilize $100 billion to scale data centers.
DOJ, FTC Side Against Largest Asset Managers in ESG-Related Coal Suit
BlackRock, State Street and Vanguard are accused of suppressing prices in the coal market, and the DOJ has weighed in.
Market Moves
Institutional Investors Drive Surge in Bond ETFs
BlackRock expects bond ETF assets to more than triple to $6 trillion worldwide within five years.
Pensions
BlackRock Foundation Commits $2M to Nest Insight
The three-year agreement aims to help increase savings for U.K. households.
Newsmakers
Larry Fink Calls for ‘Democratization of Investing’
The BlackRock chief, in his annual letter, wrote that he wants more people to become investors and more investors to access the private markets.
Pensions
Dutch Pension Fund Seeks Divestment from BlackRock
PME Pensioenfonds is considering the future of the 5 billion euros it has with the asset manager after it left the Net-Zero Asset Managers Initiative.
Asset Management Culture
Net Zero Asset Managers Initiative Pauses Activities Following BlackRock Exit
The NZAM suspended activities and removed an online signatory list while reviewing how the organization fits into a ‘new global context.’
Corporate Moves
BlackRock Exits Net Zero Asset Managers Initiative
The $11.5 trillion asset manager leaves amidst an ongoing pushback against ESG investing.
Manager Selection
Indiana Fund Narrows Finalists to Replace BlackRock
Under state law, the pension fund is required to replace service providers if they are determined to have made ESG commitments.
Asset Allocation
BlackRock Identifies 1% to 2% as Optimal Bitcoin Allocation
Institutional adoption of the digital asset can dampen its volatility, according to a paper from the asset manager.
Corporate Moves
BlackRock More Than Doubles Private Credit Business With HPS Investment Partners Acquisition
The deal to purchase the private credit manager for $12 billion will see BlackRock’s credit assets grow by $148 billion.